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20121104
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Search Results 0 to 49 of about 193 (some duplicates have been removed)
in their pockets to invest in the economy, for trade adjustment assistance because workers lose their jobs because of unfair competition, i led the fight to get them back on their feet. earlier in philadelphia i mentioned the dredging project. the deepening of the channels. i was a key player in getting the most recent funding for that. so, getting results is key for our economy and i have the honor to have served with the people of pennsylvania and earned their trust. i ask again for this opportunity to earn their trust and that i have heard your vote. >> that includes the debate. we would like to thank the candidates for taking part in this important program. thank you for watching. now we have these final words from are co-sponsors. thank you so much for being here. >> hello, my name is a live be a thorn. the league of women voters citizen education fund thinks the candidates for participating in this debate. we are grateful for their continued partnership and commitment to informing citizens. voters do not need a valid photo i.d., only those that are newly registered voters must show proof rea
, that it's actually a boost to the economy. is that going to be true in this case? >> well, no. this is a natural disaster. disasters are bad for the economy. obviously, the big hit to the economy initially, is what we're seing in new york. you do get rebuilding, and economy benefits from that, but net, net, the economy is in a worse place. natural disasters are bad for the economy, not good. >> susie: you heard in erica's remit some businesses are going to benefit, maybe hox*echl builders and cuk companies. if you look at the economy, who are the winners and losers in terms of various sectors? >> well, there's more losers than winners. the losers would be the restaurants, they're not going to serve meals that aren't getting served. airlines, trucking companies, you know, the casinos fnlt fshs services. the secretaried to and trading is shutownor a couple of days, never get that back. the winners are clear. the homebuilders, home improvement, you mentioned home depot and loews and hardware stores. online retailers might benefit because department stores are closed. so some winn
is at stake. it is a critical time for the country. we face challenges, massive debt, and an economy that is not putting our people to work. young people coming out of college can't find work. china, which is going to be a major economic power. it has been taking a lot of jobs from people in ohio, with radical violent jihadists. this is a big election about big things, and i am proud we are focusing on what we'll do to bring real chance to a country that needs it. we have a president today that -- has a different view about guesus being on the right track. my view is that this is a turning point for america. and those people who want change from day one will vote for paul ryan and myself. as i go across the country, i recognize that people don't want 23 million americans out of work, looking for a good job. they don't want administrations compftablfortable with trillion dollar deficits and kids not getting jobs out of college, and they don't like the gridlock in washington. over the coming days, i will talk to people across the country about what those changes look like. this is deta
district and concentrate on how we can grow the economy in 39 counties because many of them have lost population and a congressperson. >> let's talk about the economy. >> if you're in congress, what can you do choose accelerate the recovery from the recession? >> i am focused on the local. i would start with the local. i see this the district for the lens of a teacher. i would be looking at these counties as 39 separate entities as many different communities and want to make sure i help each of the maximize their potential by creating jobs. i have spent the last year and have laying out my plan for lairs of economic opportunity. i carry my football with because i talk about creating another lawyer of the bio-8, may. >> those watching us may wonder what that has to do with a football. >> and a car that drove appear tonight came off the line in detroit. there are plastic bottles or using hog manure to make asphalt -- we can make whatever we need within 100 miles of this community. >> what needs to be done to stimulate the economy in congress? >> it is clear what i have done. i introduce
about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argo bankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because t
a great caterer. >> myths about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argoankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many
sandy and all, regardless of what happens in the end it will have a big impact on the economy and the administration says, it is improving and we got the latest hint of that, the final jobs report, before the leck and that is, surprising spurt, better than 170,000 jobs, added, plus to the economy and unemployment rate of 7.9%, and back with us is jack welch, who might quibble with the rate, in about the last time and you still don't necessarily buy these numbers? >> neil, look, the real unemployment rate, take the last ten years, prior to 2009 recession, ten-year average of what is called the participation rate, how many people are working, temporarily, full-time, and, you take that number, and you take ten-year average, and you run it now with the workforce. you have an unemployment rate close to 11% and that is what the real unemployment race, people are feeling, out there. now, garbage workers have walked away and that is the real rate and the number, 7.8, that popped in the other day, didn't make any sense. i mean, you had a number that said we had more people added, since
. thanks so much for that. >>> turning to the economy third quarter gdp came in at 2% today. not great. better than the sat 1.3% growth rate last quarter but a new survey of economists says there is still no light at the end of the tunnel. if automatic spending cuts kick in it could cost the economy $100 billion. it gets worse though. they say the t hikes that could come are twice as big of a problem. they would cost $200 billion. my favorite economist peter morici is here to commiserate with me over this one. this report is staggering. i like it though i have to say when somebody goes out and quantify the impact of these things because i don't want emotion. i want to focus in on the numbers. so let's do that. $200 billion out of the prate sector if the bush tax cuts go away. 100 billion of government spending that would stop under the sequestration. do those numbers sound about right to you and is there a multiplier at work here? does it matter more if you take money away from the consumer in forms of evaporating tax cuts or the government spending? >> well i don't know that it matter
about longer delays, and return to normal production and slightly bigger hit on the economy. s this's certainly true. >> tom: what about the impact on the job market. we were supposed to have the october jobs numbers this friday. still expected to come out. not going to be impacted because of this storm but what about november's numbers? >> that's a great question. sometime these major events, those storms are right in the mile of the reference period during which bls measures employment. but sandy is occurring almost directly between october's reference month and november's reference month, actually-- impact of this on the official government numbers for employment. >> tom: just 20 seconds left but damage to confidence at all, consumer confidence? >> no, i think not. people are resilient. they will see through this. they'll get back to the business of rebuilding which of course is a plus for gdp and back to that activity very quickly. >> we hope it happens faster than not. joeling prkenith us, a lookt the economy, macroeconomic advisors. it may seem a bit premature to talk about th
. donate today. >> steve: it will be the last major report card on the economy. the labor department releases monthly unemployment rate. right now it stands at 7.8 percent. economist expect it to go up to 7.9 percent. it is estimated that employers added 125,000 jobs last month and that is up from september and fall short of what is needed to cut the jobless rate. we'll bring that number to you live as it is released from washington. meanwhile new accusations. votes switched from mitt romney to obama. rnc learned of cases in nevadathey are asking the states to recalibrate all of the machines. and have additional technician on hand and use signs to make sure people check their vote. there is no evidence of problems but check your ballot, gretch. >> gretchen: 47 out of 51 times the presidential candidate who won the popular vote has won the electoral. experts believe that mitt romney will win the popular and president obama will take the electoral college and win the white house. can that happen again? what do you think about that, pete? >> i think and firmly believe that mitt romney w
we study. in a free market economy, recessions and recoveries, upswings and down swings are part and parcel of the world we live in. when you look at how budgets are proposed, off of the congressional budget office projection. they are not that realistic. in 2014, 2015, 2016, they are projected real gdp growth of 4.4%. sounds pretty good. how realistic is it? if you take a look at reality, what's happened since the beginning of the century? gdp has grown at 1.7% and we know we are in a pretty sluggish economy. there is a huge disconnect between what's proposed and what's going on outside this window? >> that's the big deal. the claim is, i'm going to go in and cut taxes. don't worry, cutting taxes is going to be stimulative. we are going to end up with way more jobs and there will be fewer taxes from each individual. there will be way more people paying into the tax system. revenue neutral. lakshman is telling us you have a choice over how much you charge people in taxes. they may not produce all the jobs. what he is doing on day one is adding to the deficit. >> could be but let'
. >> we will continue the discussion about the economy, and whether the math really adds up for the deficit. we will look at some of the numbers, all of that on the other side of the debate. please stay with us. welcome back to the continuation of our debate. with us today, congressman allen west and patrick murphy. we will continue our discussion with george bennett. >> we left hanging on the deficit. you are opposed to raising taxes. the deficit this past year was $1.1 trillion. if you are not going to raise taxes, what are the things you can cut to get close to erasing a $1.1 trillion deficit? >> we should be about $230 billion, but we have to look at agencies that were created that are not meeting up to their mission. you look at the department at energy that was created when i was a teenager. it was to make the united states energy independent. what has happened with that department over the last 40 years? we look at the expansion of the government and education. when we separated education out of health, education, and welfare. we have spent more money at education at
that will pull us together. also with the economy which is another big sticking point. we are supposed to have constitutionly -- the congress is supposed to take care of our monetary policy but since we shrugged that off to another entity and it's not doing a good job of it. these are the things i want to get back to doing as a congressman if you will elect me, we will see a lot -- we will see things happen differently in this country. >> let's get to some of the questions, one thing people are wondering about is the economy. 16 trillon dollars in debt. unemployment at 8%, housing market is a mess. what would do you? >> you have to face it by addressing monetary policy. this is something that congress ignores even though we try to fix small things here and there. we are going to mess with this housinmarket, just try to -- increase jobs over here through the government expansion of some sort of program or another. the real thing that boils down is the economy is where the money comes and what it's made of. the fact we have a federal reserve that's about to again do another round of easing, th
today. some of it supposed to have come out earlier in the week, was delayed. shows an economy building momentum. that is at least until sandy came. steve leisman here. steve, is sandy going to slam the brakes on this slightly upward arc we're seeing in the economy? >> it is definitely going to have an impact on the economy. today we got a read on the economy ahead of sandy giving us really a baseline. that baseline was a little bit better than economists originally thought. at almost every count. perhaps the miss here -- what a nice graphic they made. perhaps the miss there was because they don't know how to estimate the new methodology. but that was better than expected. claims a little bit better than expected. ism above expectations also. construction spending powered by residential spending. government spending was tailing off there. consumer sentiment missed, but that was better than it was in the prior month. take a look at the ism manufacturing index in detail. we had this swoon, june, july, august, now it's popped back up above 50 for two months in a row. early to call a trend
. this is a critical time. the president was a president who took office with the economy as the number one challenge and he has high are unemployment today than when he took office. think of that. the president of the united states presides over a nation under his leadership where unemployment is higher than the day he took office. he said he would save social security and medicare because they were headed to insolvency. instead, he made no effort to save either and he took $716 billion from medicare to pay for obamacare. and he said he was going do lower the cost of your health insurance by $2,500 a family by now. instead it has gone up by $3,000 a family. gasoline prices are also up by $2,000 a family. of course, he said he would work across the aisle on the most important issues america faces. the last time the president met with either the republican leader of the house or the republican leader of the senate to talk about jobs or the economy offer the deficit was in july. this is a budget who -- president who has promise add lot of things whose record is different. rather than building the bridg
is to get the government -- the overt regulation is crushing our economy. those are the facts. we have to have clean air, clean water. at the same time, when you have the federal government telling the american farmer that your 17-year-old daughter cannot drive a tractor, who will take better care of the farm kid? mom and dad or big government? the key thing is to have both parties coming together sharing ideas. not one party telling us what we cannot do. let's look at everything and do it in a responsible way for our economy, for our environment and also to make sure that people are safe on their jobs. >> we need to get away from our reliance on foreign energy. we are taking some good steps in that direction. we have some great examples right here in peoria. with the ag lab. they are researching something that has great potential. as higher oil content than soy beans. it can be planted in the off- season. and has great potential to be used as an alternative biofuel. within the 17th congressional district, we have examples of solar farms. we have examples of wind farms. and did a favor
analogis. whoever wins the commonwealth will win it by a nose. the governor pressing hard on economy today. "fox news poll" showing him with a nine point ad vage over the president. with mr. obama on the campaign trail governor romney is sharpening the contrast with the president who is best to bring back prosperity for the nation. >> do you want the four more years like the last four years? >> no!. >> you want four more years where 23 million americans are struggling to have a good job? >> no!. >> you want four more years where earnings are going down every year? >> no!. >> you want four more years of trillion dollar deficits in washington? >> no!. >> reporter: governor romney drawing the sharp contrasts with government. do you want bigger government with stifling regulations or smaller leaner government to help the private sector to grow and create jobs. he dinged the president in a new ad today suggesting somewhere down the road he may appoint a secretary of business, watch. >> barack obama says he may appoint a secretary of business. his solution to everything is add another bureaucrat
it's going to have a big impact on the economy and the economy is improving, the administration says, in the final reports before the election, a surprising better than 170,000 jobs added to the economy. unemployment rate at 7.9%. back with us is jack welch who might quibble with that rate in and about the last time, but still don't necessarily buy these numbers. >> neil, look, the real unemployment rate, if you take the last ten years prior to the 2009 recession, the 10-year average of let's call it the participation rate, how many people are working temporarily, full-time, and you take that number and take the ten year average and ran it now, work for us, you would have an unemployment rate close to 11% and that's what the real unemployment rate that people are feeling out there, not discouraged workers walked away all that stuff, but that's the real rate. now, this number of 7.8, that popped in the other day just didn't make any sense, i mean, you had a number that suddenly had more people added since ronald reagan's biggest month in june of '83 in september. that didn't-- >> so,
struggling economy? fare thee well ♪ farewell ♪ mr. gloom be on your way ♪ ♪ though you haven't any money you can still be bright and sunny ♪ ♪ sing polly wolly doodle all the day ♪ ♪ hah >> continuing coverage of super storm sandy. entire towns along the new jersey coast buried in sand because of the beaches. today some are under water. board walks and marinas are ripped apart in this storm. robert moses joins us now live in point pleasant new jersey. good morning, robert. >> good morning to you. we are sitting in an intersection in pleasant point beach new jersey. there are no lights on. you can see the traffic lights here are still out. the thing that really captures your attention these huge amounts of sand. if we walk over here through the intersection again if you for give me on the other side there's another huge mound back here that is about double my height. huge front-end loaders deposited on the streets here and have pretty much pushed the sand to the side of the street. you can see how the sand has been left in the tracks along the streets here in point pleasant beach,
%. they did beat estimates even though the cfo said he's seen evidence of a weak economy all around us. you were talking about climate change and this issue of whether it's responsible for some of the weather changes that we've seen. munich re had created a bit of a firestorm when it put out a report noting that north america was seeing mcs in unusual events and attributed it to climate change. it caused quite a stir at the time. back to you. >>> coming up, chris christie touring the carnage. millions still without power. mass transit trying to get back to line. we'll get a progress report. >>> this morning not a lot of movement. yesterday the sale. things orderly in the first day of trading since everything was shut down because of sandy. this morning futures down by about two points. nasdaq up by about 2 1/4 points. >>> jfk and newark airports both operational on wednesday, but saw very few flights. jpk is seeing more arrivals than departures, but net back to normal. courtney reagan is at laguardia this morning. >> reporter: good morning. so we haven't yet seen a plane take off here. the
:30 eastern time. and we'll be slicing and dicing the jobs report and the economy with our guest host, mark zandi. also at 8:00, the former chairman of the council of economic advisers austan goolsbee will join us for the report. and then we'll get reaction from the romney campaign with ron hubbard. that's at 8:40 eastern time. obviously a lot on our plates today. andrew, i'll send it over to you. >> the coast guard opening the port of new york new jersey on a restricted basis today allowing the backlog of barges containing gasoline and fuel into the area for the first time. how soon, however, will we see relief in the area impacted by sandy? that's the big question this morning. joe knows this very well, on my way in today, i had to take a taxicab for $125 because jeeves was this line to get gas, he was out of gas. >> i tried to take a car, my guy who i call -- he is not, but he nights as well be a former -- he has never failed. on on tuesday he came. and there have been snowstorms in the past where we've gone off the road, around, jack moved tractor trailers to get here's couldn't get gas
to the economy a little bit. specifically, jobs. we have key readings out today ahead of the big report tomorrow. it is up 140 on the dow and i believe they like this jobs report. i want to talk about adp. they had some issues with the way they put it together and they changed their methodology. does that affect the way we should look at it back i do not know. first of all, it is such a short data series. there is not a lot of history to it. i like it better that it is a private company based on their surveys. they look at tomorrow's employment data like it means something. it is so highly revised. last september at the original estimate came out about 100,000 jobs. the market got hit. it was not a good situation. now, if you look at the number after revisions, it is over 200,000 jobs. my point to the viewer is, try to not look at the individual data point, but look at the trend of the data point. that continues to be positive. connell: give me a quick take on what you think of the stock market in general. i think everything seems to be political or now got this we, obviously, with the storm, wi
will have on the economy, we are joined by fox news editor liz macdonald. let's start with just the straightforward. i mean, the markets closed for a couple of days. millions of people not able to get to work. i mean, this is going to have an extraordinary impact on the consumption economy as well. >> i think you're right. well we doing is compiling this. what were getting from economists to work a wall street shops and down in washington d.c., what strikes me is there has been a lot of comparisons to hurricane katrina. i would say that is not the comparison because we are talking about the most impact -- densely populated by the rebels judge of the united states where one-fifth of the u.s. economy is down -- generated, of death of the population lives in the theft of car sales, fifth of housing whereas the trend was narrowly focused. it was a tragic event. this is more like a hurricane that hit in 1938 that helped cars out and create that hamptons and east in the long end. certainly possibly this hurricane redefining the coast of new jersey in similar fashion , but over talking
for the independent voters that are generally favoring romney. when you start looking at individual issues the economy still looming large with a clear plurality among likely voters. although when you look at national security at the bottom it has edged up just a bit. this is the president handling the economy. approved are 45 percent disapproval of the majority. it is a tough number to head into reel lesh wi-- reelection . new unemployment numbers coming out tomorrow. >>> talk about that with cheryl co-teachers co-teachers -- co-teachersasoni in a littl. >> they told the obama administration and consulate could not with stand a coordinated attack. peter doocy is live with more on that. >>> good morning. >> good morning heather. 3 and a half weeks before the september 11th terrorist attacks on benghazi on august 159. the u.s. mission in benghazi held an emergency meeting and august 16th a secret table was sent to the state department that laid out the concerns our team on the ground had at the time. and top of the list was consulate security. the guards did not think they could protect the consulate.
priority and will work of -- with us to keep virginia's economy strong and national certainly were a lot of our jobs come from, as well as protecting our national security -- where a lot of the high-tech industry is coming from. so, it is very important we keep being -- the low taxes that we have and keep the 21st century economy going and governor romney is the kind of partner we can continue this good practice with. host: bryan ran, chairman of the virginia democratic party. -- brian moran, chairman of the virginia democratic party. president obama won in 2008. what is your strategy to repeat? guest: i agree with much of barbour said in terms of virginia. but governor tim kaine running brought a lot of of the prosperity to virginia. when they talk about less government and tax cuts, this isit looks like enormous cuts toyou can't have it both ways. they don't want to have any revenues to balance the books and what substantial cuts to government spending, that is what looks like in the commonwealth of virginia. when you make the draconian cuts thousands of lost jobs. they estimate 200,00
today on the job market really mean? >> this is a great number for the economy. it basically mirrors what we're seeing in the growth of the gdp. we're seeing the trend moving in the right direction. the numbers have been improving for 29 consecutive months in terms of jobs growth. however, at the same anemic pace we're seeing with gdp. gdp of 2% or less. we're seeing job growth averaging somewhere around $150,000. i would point out that the positive revisions to the two previous months actually bowie the numbers overall. a good number for the economy. jenna: 150,000 jobs added what we're seeing every month. some people say listen that is barely enough to keep up with population growth. why isn't it faster, bob? why aren't we seeing more growth, more jobs? >> because corporations are holding money on their books. though don't know what the regulatory overhang is going to be. they don't know the outcome of the election and they don't know associated costs for things like health care, as well as other benefits that are out there. so rather than make the investment in employees, they're
what really is going on here. when president clinton said the economy is stupid, what really happened all the way back in 1980, we went through a 24 hours news cycle which you represent first-hand, the ability of the press to cover news has been enhanced. job reports, gdp reports, prior to 1980, with the advent of cnn and later yourselves, they got pushed aside. they were only covered in print. this will be decided in the middle west, on the jobs numbers, the gdp numbers, it will be decided in some of these swing states. dagen: does it make, speaking of swing states, the cincinnati -- that one pull from the cincinnati inquirer has them neck and neck 49-49. because of the weather, because they are canceling some events, do those ad dollars spent on tv in the ads that are running on radio and television, are they even more critical because of what is happening with the weather? >> it has been a tsunami of ads. it is just overwhelming. there is almost nothing you can do in this letter week that you have not already seen. all the tv time was bought up as early as labor day. i think friday
.s.a. today." on the economy here is "u.s.a. today" as well how will sandy affect the economy? economic losses will likely exceed the $12 billion to $16 billion from hurricane irene which battered the northeast in august of 2011 says a chief economist. and an economics professor at smith ity of maryland school of business estimates it will result in about $35 billion to $45 billion total losses. and another company projects $10 billion to $20 billion of damage about half insured. property damage will be repaired and lost economic output will be adjust set by other increased activity as residents prepare for the hurricane. and here is another story about economic impact from "wall street journal." losses may exceed those of the 2011 storm. airlines and shippers expect an extended disruption. will cost them millions of dollars and leave thousands of fliers and goods stranded. airlines will cancel a total more than 14,600 flights as monday and more than the roughly 10,000 canceled due to hurricane irene in 2011. irene comes united continental holdings about $40 million in revenue. delta airlines
this picture. plus, what all this means for the economy and presidential race. we have all the angles of this developing story right here on "the cycle." throughout the show we share some of the stunning images from this storm. these were taken by a producer as she walked into work this morning. the front of a building ripped off by the wind in lower manhattan. [ male announcer ] whe emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. >>> major flooding along the coast, up to 2 feet of snow in parts of west virginia. you're looking at the scene in elkens, west virginia. it's captured by reed timmer. high winds and snow on the edges of superstorm sa
the unemployment numbers saying the increase in the unemployment rate is a sad reminder that the economy is at a virtual stand still. but when we look at the jobs that have been added over the last six months, we see the steady rise, going in the right direction. unemployment dropping to under 8%, staying there. does that take out the economic message of mitt romney at the kneecaps? >> not really. one, we're not seeing the type of job growth that we need to be coming back. that number has to be way over 200,000 per month. but what it's -- and the other thing is, when you dig down into those nebs, you look at the income numbers. people are not feeling it. their incomes are not rising. so when you look at this from a political point of view, it's what people feel. what's their emotional pocketbook reaction? and the fact is right now people are still hurting. so, again, both candidates are going to spin everything. i think it's already baked in. i don't think it's going to affect it much. if it went over 8%, it could have. but at the end of the day, i think that their messages, what they're
Search Results 0 to 49 of about 193 (some duplicates have been removed)

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